31386 paragraphs found
Human Resources Hiring, Developing and Retaining Personnel and Personnel Competence and Capabilities (Ref: Para. 32(a), 32(d) ) …
Competence is the ability of the individual to perform a role and goes beyond knowledge of principles, standards, concepts, facts, and procedures; it is the integration and application of technical competence, professional skills, and professional ethics, …
Law, regulation or AUASB standards may establish requirements addressing competence and capabilities, such as requirements for the professional licensing of engagement partners, including requirements regarding their professional education and continuing …
Examples of policies or procedures relating to hiring, developing and retaining personnel The policies or procedures designed and implemented by the firm relating to hiring, developing and retaining personnel may address: Recruiting individuals who have, …
Personnel’s Commitment to Quality and Accountability and Recognition for Commitment to Quality (Ref: Para. 32(b) ) …
Timely evaluations and feedback help support and promote the continual development of the competence of personnel. Less formal methods of evaluation and feedback may be used, such as in the case of firms with fewer …
Positive actions or behaviours demonstrated by personnel may be recognised through various means, such as through compensation, promotion, or other incentives. In some circumstances, simple or informal incentives that are not based on monetary rewards may …
The manner in which the firm holds personnel accountable for actions or behaviours that negatively affect quality, such as failing to demonstrate a commitment to quality, develop and maintain the competence to perform their role or implement the firm’s …
AUASB standards may include responsibilities for the engagement partner regarding the appropriateness of resources. For example, ASA 220 [15] addresses the responsibility of the engagement partner for determining that sufficient and appropriate resources …